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RE: Where do you see Bitcoin Prices going in the next couple day leading up to August 1?

in #bitcoin7 years ago

What I see is a higher demand than expected.

As a lot of exchanges are offering bcc to who hold btc, the demand for btc increased, hence the price.

Once bcc is open for trading, I expect to see a huge drop to bcc because most people will just sell it (since it was for free). Demand for btc will come back to normal, hence price will drop after 1st Aug as well.

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Yeah I was planning on selling 3/4 of mine as soon as the Trezor puts out whatever method they have for us to do so. Since it was free I figured I'd keep a 1/4 of it and just let it ride.

Let's see. I won't take that risk. Because exchanges will only credit you bcc at some point. At that point, I don't know how much btc and bcc will be. Say you have 1 btc worth about 2750 dollars at the moment, after 2 days you have 1 btc of 2500 dollars and 1 bcc of 200 dollars, you actually have lost 50 dollars.

Good luck anyway.

Way back when this stuff first was being talked about that was a big concern of mine, rather than Bitcoin maintaining price and BCC being kind of a garbage altcoin I was wondering if It might be like Bitcoin $1250 and BCC $1250 essentiallyy just splitting the value. I personally don't see that happening as it seems like everyone views BCC as garbage and something they are just going to flip, get some free money and roll it back into Bitcoin. I'm planning on cashing out most of it but again since it's house money I have no issue letting 1/4 of it ride just incase.